22-April-2026
Economy News
 
Ireland Cuts Domestic Growth Forecast to 1.5%-2.1% on Middle East War
22-Apr-2026

Growth in Ireland's domestic economy may slow to between 1.5% and 2.1% this year from an earlier forecast of 2.3% due to the inflationary impact of the war in the Middle East, Ireland's finance ministry forecast on Tuesday. Despite the downgrade, the ministry expects to run a higher budget surplus of 2.5% of modified gross national income this year, up from the 1.4% forecast in October, thanks in part to higher corporate tax income from foreign multinational firms.

News Source:- https://money.usnews.com/investing/news/articles/2026-04-21/ireland-cuts-domestic-growth-forecast-to-1-5-2-1-on-middle-east-war